First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies
The latest price moves in crypto markets in context for Sept 4, 2023.
Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan
For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.
Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing
Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.
Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers
The accumulation suggests optimism among large investors, IntoTheBlock’s head of research noted.
First Mover Americas: SEC Delays Spot Bitcoin ETF Decision for All Applicants
The latest price moves in crypto markets in context for Sept 1, 2023.
U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%
With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst.
